Smith & Howard Wealth Management LLC Sells 474 Shares of Alphabet Inc. (NASDAQ:GOOG)

Smith & Howard Wealth Management LLC decreased its holdings in Alphabet Inc. (NASDAQ:GOOG) by 13.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,083 shares of the information services provider’s stock after selling 474 shares during the quarter. Smith & Howard Wealth Management LLC’s holdings in Alphabet were worth $434,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Tandem Wealth Advisors LLC purchased a new stake in Alphabet in the 3rd quarter valued at about $25,000. Bruce G. Allen Investments LLC purchased a new stake in Alphabet in the 4th quarter valued at about $26,000. Equitec Proprietary Markets LLC purchased a new stake in Alphabet in the 4th quarter valued at about $28,000. Buck Wealth Strategies LLC purchased a new stake in Alphabet in the 3rd quarter valued at about $32,000. Finally, Barometer Capital Management Inc. purchased a new stake in Alphabet in the 3rd quarter valued at about $32,000. Institutional investors own 27.26% of the company’s stock.

Alphabet Stock Up 1.4 %

Alphabet stock opened at $157.95 on Tuesday. Alphabet Inc. has a 1-year low of $103.27 and a 1-year high of $161.70. The firm has a market capitalization of $1.96 trillion, a price-to-earnings ratio of 27.23, a P/E/G ratio of 1.44 and a beta of 1.05. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05. The firm has a 50 day simple moving average of $147.65 and a 200 day simple moving average of $142.12.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. The business had revenue of $86.31 billion during the quarter, compared to analyst estimates of $85.28 billion. During the same period in the previous year, the business earned $1.05 EPS. Alphabet’s revenue was up 13.5% compared to the same quarter last year. On average, analysts predict that Alphabet Inc. will post 6.78 earnings per share for the current year.

Insider Activity at Alphabet

In related news, SVP Prabhakar Raghavan sold 3,258 shares of Alphabet stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $155.97, for a total value of $508,150.26. Following the completion of the transaction, the senior vice president now directly owns 144,685 shares in the company, valued at approximately $22,566,519.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Alphabet news, insider John Kent Walker sold 48,076 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $142.20, for a total value of $6,836,407.20. Following the completion of the transaction, the insider now directly owns 12,725 shares of the company’s stock, valued at approximately $1,809,495. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Prabhakar Raghavan sold 3,258 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $155.97, for a total transaction of $508,150.26. Following the completion of the transaction, the senior vice president now directly owns 144,685 shares of the company’s stock, valued at $22,566,519.45. The disclosure for this sale can be found here. In the last ninety days, insiders sold 251,339 shares of company stock worth $36,377,482. Corporate insiders own 12.99% of the company’s stock.

Analyst Upgrades and Downgrades

GOOG has been the subject of several analyst reports. Morgan Stanley reiterated an “overweight” rating and issued a $165.00 price objective on shares of Alphabet in a research note on Thursday, April 11th. Raymond James raised their price target on shares of Alphabet from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. Oppenheimer raised their price target on shares of Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday, April 8th. Susquehanna raised their price target on shares of Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a research note on Wednesday, January 31st. Finally, Stifel Nicolaus raised their price target on shares of Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, Alphabet has an average rating of “Buy” and a consensus target price of $159.86.

Alphabet Company Profile

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.